PMJJBY 2026: ₹436 Life Insurance for ₹2 Lakh — Apply, Renew, Claim

प्रधानमंत्री जीवन ज्योति बीमा योजना 2026: आवेदन और दावा

Quick facts: Just ₹436/year premium · ₹2 lakh life cover (natural or accidental death) · age 18-50 · auto-debit from your savings account · enrolment at any participating bank · helpline 1800-110-001.

Term life insurance is one of the cheapest financial products a family can buy, yet crores of Indians remain uninsured — not because they can’t afford it, but because they don’t know cover this affordable exists. The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) was launched on 9 May 2015 specifically to close this gap. For ₹436 per year (₹1.19/day), you get ₹2 lakh life cover paid to your nominee if you die — from any cause, natural or accidental. Over 23 crore Indians are currently enrolled.

PMJJBY क्या है — What the Scheme Offers

Cover amount: ₹2,00,000 (flat) — paid to nominee on death
Premium: ₹436 per year per member (paid via auto-debit)
Term: 1 year (renewable annually, auto-debit on 1 June each year)
Coverage window: runs 1 June to 31 May
Claim ratio: as of 2026, PMJJBY has settled over 8 lakh claims totaling ₹16,000+ crore — industry-leading settlement record
Regulator: Department of Financial Services (Ministry of Finance)

पात्रता — Who Qualifies

Indian citizen aged 18-50 years at enrolment
Active savings account at any participating bank (includes nearly all PSU + private + RRB + coop banks)
Aadhaar linked to the savings account
Self-declaration of good health at enrolment (no medical test for initial entry)

Continuation after age 50

Once enrolled, coverage continues until age 55 with annual renewal. After 55, cover ends.

Key exclusions

Suicide within first 45 days of enrolment (premium refunded to nominee, no sum insured)
Pre-existing disease that caused death within the first 45 days
After 45 days, all causes of death are covered — this is the scheme’s big differentiator

आवश्यक दस्तावेज़ — Documents Required

Aadhaar card
Savings account (for premium auto-debit)
Nominee details (name, relation, Aadhaar/address) — critical
Self-declaration of good health (form signed at enrolment)

No medical examination required. No KYC beyond the bank’s own.

कैसे enrol करें — How to Enrol

Option 1: Via net banking (fastest)

SBI YONO: Financial Services → PMJJBY
HDFC NetBanking: Requests → Insurance → PMJJBY
ICICI iMobile: Open Instant → Govt Scheme → PMJJBY
PNB, BoB, Canara, Union, IDBI — all support online enrolment

Log in to your bank app/net banking
Search for “PMJJBY” or “Jan Suraksha”
Confirm your name, DOB, nominee details
Accept the terms and the self-declaration of good health
Authorize ₹436 auto-debit
Receive enrolment confirmation by SMS + e-certificate

Option 2: In-branch

Visit your branch with Aadhaar + account details
Fill the PMJJBY Consent-cum-Declaration form
Provide nominee details
Submit → premium debited immediately

Option 3: Via Bank Mitra

Rural/semi-urban: your Bank Mitra can enrol you on their micro-ATM device in minutes.

Coverage Timeline

Event	Timing
Enrolment accepted	Same day (auto-debit completed)
Coverage begins	Immediately on premium debit
45-day clause	Deaths within first 45 days from certain causes excluded (see above)
Full cover	After 45 days, all causes covered
Annual renewal	1 June each year (auto-debit from your account)
Cover ends	Age 55 OR if premium debit fails for 2 consecutive years

Premium Auto-Debit and Renewal

Every 1 June, ₹436 is auto-debited for the coming year’s coverage
Your savings account must have ₹436+ on that date
If the debit fails, cover lapses for 30 days — you can pay manually within that window to restore
After 30 days lapse, you must re-enrol (fresh 45-day exclusion window applies)

Claim Process — When You Need It Most

Step 1: Within 30 days of death

Nominee contacts the bank where the deceased had PMJJBY enrolled. Carry: – Death certificate (original) – PMJJBY enrolment acknowledgment – Nominee’s ID + bank account details – Claim form (available at bank or jansuraksha.gov.in)

Step 2: Bank submits claim

Bank forwards the claim to the partner insurance company (LIC or a GIC subsidiary).

Step 3: Verification and payout

Natural-death claims: processed in 60 days
Accidental-death claims: FIR + post-mortem required; processed in 75-90 days
Payout: ₹2 lakh credited to nominee’s bank account

Industry-leading fact: PMJJBY has a 98%+ claim-settlement ratio — higher than most private term-insurance products.

हेल्पलाइन — Official Helpline

Service	Number
Jan Suraksha Helpline	1800-110-001
Jan Suraksha Alt	1800-180-1111
Your bank	customer care
Portal	https://www.jansuraksha.gov.in

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Last verified: 20 April 2026. Official source: https://www.jansuraksha.gov.in

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₹2 lakh PMJJBY cover seems small. Should I still enrol?

Yes. At ₹436 per year, PMJJBY is a starter cover — combine it with regular term insurance (₹50 lakh to ₹1 crore) for adequate total protection.

Can I enrol PMJJBY at multiple banks for higher cover?

No. Total claim payout is capped at ₹2 lakh regardless of multiple enrolments. One enrolment is enough; use regular term insurance for additional cover.

What happens if I miss the 1 June PMJJBY premium renewal?

You have a 30-day grace window to pay manually and restore cover. After that, you must re-enrol and the 45-day exclusion window restarts.

Does PMJJBY cover death by suicide?

Only after 45 days from enrolment. Deaths by suicide within the first 45 days result in premium refund to nominee but no ₹2 lakh payout.

Is PMJJBY premium tax-deductible?

Yes. PMJJBY premium qualifies under Section 80C as a life-insurance premium deduction, within the overall ₹1.5 lakh limit.